VW Plans Salary Freeze Until 2030
Volkswagen reportedly plans to freeze salaries for hundreds of thousands of employees worldwide until 2030. The works council criticized the proposal as unrealistic, warning of strong resistance during upcoming labor negotiations.
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VOLKSWAGEN AG plans to freeze salaries for 660,000 staff worldwide until 2030, according to its global works council. The proposal marks a severe escalation in restructuring efforts across Germany's largest automaker. The wage freeze could trigger a 10% income loss for workers when adjusted for inflation.
